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Dec 1, 2012
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if boehner and obama could come together they could get within done in an hour but they have to worry about the left and right. that's why a lot of bluster. >> i think nancy pelosi will be key there will be a lot of defections on the republican side, nancy pelosi stays in the house she is a great whip. she has to convince a lot of democrats to vote yes. there are going to be been fit cuts, cuts to entitlement, otherwise republicans are not going to go along with any type of tax increase. >> greta: people make business decisions based on what they predict is going to happen. congress and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say well -- >> greta:
if boehner and obama could come together they could get within done in an hour but they have to worry about the left and right. that's why a lot of bluster. >> i think nancy pelosi will be key there will be a lot of defections on the republican side, nancy pelosi stays in the house she is a great whip. she has to convince a lot of democrats to vote yes. there are going to be been fit cuts, cuts to entitlement, otherwise republicans are not going to go along with any type of tax increase....
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Dec 2, 2012
12/12
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not exactly a meeting of the minds this week between president obama and house speaker john boehner on just where talks to end the fiscal showdown stand. the president, for his part, took his case to the public and repeated his call for a tax hike on upper income americans but made little mention of cuts to entitlement spending. something the speaker said must be part of any final deal. joining the panel this week, wall street journal columnist and deputy editor dan, and ms. o'grady and washington columnist kim stossel. you are stuck in washington having to talk to all the sources. and you have been working them this week, i know. is the mood as sour as it sounds? >> it is by the end of this week and here's why. republicans came out right after the election and said to the president, you want revenue, here. you want revenue on the wealthy? we will give it to you. let's do this via limbing tax deductions for the wealthy. the president instead of taking that, running it, ceiling a deal, has been out campaigning for tax hikes. and to cap it off, sent treasury secretary tim geithner down t
not exactly a meeting of the minds this week between president obama and house speaker john boehner on just where talks to end the fiscal showdown stand. the president, for his part, took his case to the public and repeated his call for a tax hike on upper income americans but made little mention of cuts to entitlement spending. something the speaker said must be part of any final deal. joining the panel this week, wall street journal columnist and deputy editor dan, and ms. o'grady and...
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Dec 2, 2012
12/12
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and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress with this outrageous proposal as basically a compilation of everything that the president wanted in his budget and beyond what he even campaigned for. as a result i think most republicans wonder how serious he is about doing t
and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the...
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Nov 29, 2012
11/12
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a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make more money. democrats w
a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further...
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Dec 3, 2012
12/12
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president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we now? senior white house foreign affairs correspondent
president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have...
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Dec 4, 2012
12/12
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>> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story.
>> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly...
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Dec 6, 2012
12/12
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>> i think president obama loves this country and is a patriot and boehner is a patriot and i believe they will work out a deal. if they don't make a deal, 28 million americans will pay alternative minimum tax and families will have their taxes raised $2,000 more and give more in this bad economy. washington, d.c. insider i am the optimist they will work out a deal. jon: she is going with the glass half full approach. i like that. angela mcglowan. >> thank you, jon. jenna: epic journey, not the fiscal cliff, that is epic journey. this epic journey is breaking the boundaries of human endurance. running seven ultramarathons on seven continents in seven days? why did he do it? turns out he was doing good at the same time he was running. we'll speak to him live about his ad venture next. w way. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of a
>> i think president obama loves this country and is a patriot and boehner is a patriot and i believe they will work out a deal. if they don't make a deal, 28 million americans will pay alternative minimum tax and families will have their taxes raised $2,000 more and give more in this bad economy. washington, d.c. insider i am the optimist they will work out a deal. jon: she is going with the glass half full approach. i like that. angela mcglowan. >> thank you, jon. jenna: epic...
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Dec 7, 2012
12/12
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he put a lot on the table in the summer of 2011 when it was john boehner again and obama, they almost got a grand bargain e. talked about raising the medicare eligibility age to 67 over a certain amount of time. making changes to cost of living. statements to soegt social security. right now there is nothing on the table. that was obama's opening bid. the republicans were miffed at him, they knew he wouldn't give them exactly what they'd accept. a few said they were inch superintendented like that. again you don't want to negotiate with yourself, you want to start over here and get in the middle to set up some type of deal. don't expect any deal until christmas at the earliest. >> reporter: let's go back to the tax cuts you're talking about. president obama wants to raise revenue by taxing those making $250,000 or more a year. it rises from 33% and 35% today to 36% and 39.6%, i believe. but that would only generate about 85 billion a year. according to the treasury department, the federal government spends that amount every eight 1/2 days. do you think that the point is purely politic
he put a lot on the table in the summer of 2011 when it was john boehner again and obama, they almost got a grand bargain e. talked about raising the medicare eligibility age to 67 over a certain amount of time. making changes to cost of living. statements to soegt social security. right now there is nothing on the table. that was obama's opening bid. the republicans were miffed at him, they knew he wouldn't give them exactly what they'd accept. a few said they were inch superintendented like...